{"id":777016741,"date":"2024-06-26T10:13:34","date_gmt":"2024-06-26T13:13:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016741"},"modified":"2026-04-22T08:44:30","modified_gmt":"2026-04-22T11:44:30","slug":"cbre-research-optimistic-on-macau-prospects","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cbre-research-optimistic-on-macau-prospects","title":{"rendered":"CBRE Research optimistic on Macau prospects"},"content":{"rendered":"\n

Analysts particularly highlighted SJM.<\/p>\n\n\n\n\n\n\n\n

Macau.- CBRE Research<\/strong> has a positive outlook on the Macau gaming market and SJM Holdings in particular despite concerns regarding China’s economy. Although cautious about China\u2019s economic outlook, CBRE indicated that Macau\u2019s gross gaming revenue recovery through May<\/a> shows less connection to China\u2019s overall economy.<\/p>\n\n\n\n

It highlighted the Chinese government’s expansion of the Individual Visitor Scheme<\/a> (IVS), facilitating more travel by mainland Chinese to Macau and Hong Kong, and said Macau had benefited from pent-up leisure demand following the Covid-19 lockdown and a trend seen in other markets where demand for experiential travel has surpassed that for consumer goods.<\/p>\n\n\n\n

Following meetings in London with Christopher Ip Shih Ming<\/strong>, chief financial officer of SJM, analysts John DeCree <\/strong>and Max Marsh<\/strong> said that under the new leadership of managing director Daisy Ho<\/strong> and CFO Ip Shih Ming<\/strong>, SJM Holdings is repositioning its Grand Lisboa Palace resort and improving operational efficiencies.<\/p>\n\n\n\n

SJM\u2019s financial results for the first quarter<\/a> of 2024 revealed a 74.5 per cent increase in net gaming revenue compared to the previous year, reaching HK$6.46bn (US$827m). During the same period, the group’s adjusted EBITDA rose from HK$31m (US$4m) in the first quarter of 2023 to HK$864 million (US$110.5m) in the first quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts particularly highlighted SJM.<\/p>\n","protected":false},"author":176,"featured_media":20685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CBRE Research maintains a positive outlook on the Macau gaming market, particularly SJM Holdings, despite broader Chinese economic concerns, citing the Individual Visitor Scheme expansion and robust experiential travel demand. SJM Holdings, under new leadership, is strategically repositioning its Grand Lisboa Palace and enhancing operational efficiencies, evidenced by a significant 74.5% increase in Q1 2024 Net Gaming Revenue and substantial Adjusted EBITDA growth.","focusai_entities":"SJM Holdings, CBRE Research, Christopher Ip Shih Ming, Daisy Ho, John DeCree, Max Marsh","focusai_location":"Macau, China, London, Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SJM's Repositioning Impact","query":"What specific operational efficiencies and strategic adjustments at Grand Lisboa Palace are driving SJM Holdings' Net Gaming Revenue and Adjusted EBITDA growth, and how sustainable are these improvements in a competitive market?"},{"label":"Macau Market Resilience","query":"To what extent can Macau's Gross Gaming Revenue recovery continue to decouple from China's broader economic performance, and what are the long-term implications of the Individual Visitor Scheme expansion for market stability and growth projections?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,23108],"class_list":["post-777016741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777016741"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016741\/revisions"}],"predecessor-version":[{"id":777016763,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016741\/revisions\/777016763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20685"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}